ChaPanda: Fully cooperating with the Hong Kong Securities and Futures Commission to address any of its concerns; business operations remain normal.

ChaPanda announced on the Hong Kong Stock Exchange that the Board of Directors of the Company has noted that the Securities and Futures Commission of Hong Kong has suspended trading in the Company's H shares with effect from 9:00 a.m. on October 13. The SFC stated that it is concerned that the Company's initial public offering may have been artificially manipulated to create a false appearance of demand for the shares. The Board of Directors of the Company attaches great importance to this matter and firmly believes that compliance with all laws and regulations applicable to the Company is of paramount importance. Accordingly, the Company is urgently seeking legal advice in respect of the direction and will endeavor to address and resolve the matters of concern raised by the SFC. The Company is committed to fully cooperating with the SFC in addressing any of its concerns and will issue further announcements in due course. The Company confirms that the business operations of the Group remain normal and that, as at the date of this announcement, there have been no material changes in the business operations of the Group.